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ICICI Bank

In line with our expectation, the stock declined in the pervious trading session, with high volume. We reiterate our sell recommendation.

Infosys

Fresh short-position can be initiated if the stock declines below Rs 1,690 (200-day moving average), with tight stop-loss.

L&T

The near-term outlook for the stock is bearish. We retain our sell recommendation in this counter.

ONGC

On July 1, the stock closed below the support level Rs 800, with good volume. We maintain our sell recommendation.

Reliance Capital

Utilise rallies to sell the stock with stop-loss at Rs 922.

Reliance Communications

Desist trading in this counter for the day, as the outlook is watchful.

Reliance Industries

We re-affirm our sell recommendation in this counter.

Satyam Computer

We recommend a sell in this stock.

SBI

In the previous trading session, the stock conclusively penetrated the support level of Rs 1,100 by tumbling 7 per cent. The near-term outlook is bearish. We recommend a sell.

TCS

Initiate fresh short-position, only if the stock declines below Rs 835 with stiff stop-loss.

Yoganand D.

BL Research Bureau

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